Consumer Confidence, as measured by the Thomson Reuters/Ipsos Primary Consumer Sentiment Index (PCSI), rebounded in September but remains below the 2017 high found earlier this summer. The overall index stands at 60.8 for American Consumer Confidence –– an increase of 1.3% compared to last month and up 4.2% Y/Y, but below the peak of 62.8% observed in June 2017.
“Consumers have been busy with back-to-school shopping and preoccupied with hurricanes,” said Jharonne Martis, Director of Consumer Research at Thomson Reuters. “Accordingly, Same Store estimates for Discounters and Specialty Retailers have received a boost from hurricane related shopping. Meanwhile, other retail sectors and earning outlook remain unchanged for the most part of the third quarter of 2017.”
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The Thomson Reuters/Ipsos US Primary Consumer Sentiment Index (PCSI), ongoing since 2010, is a monthly national survey of consumer attitudes on the current and future state of local economies, personal finance situations, savings and confidence to make large investments. The Index is composed of four sub-indices: Current Conditions Index; Expectations Index; Investment Index; and, Jobs Index.